!

Cannabis Delivery Platform Dutchie Raises $3 Million Seed Round for Expansion

Casa Verde Capital led the round with participation from the Durant Company, early DoorDash Executives and Sinai Ventures

LOS ANGELES – Sept 26, 2018 /Canna Newswire/ –  Dutchie, an online ordering platform for cannabis pickup and delivery, announced today that it closed a $3 million seed round led by Casa Verde Capital with participation from the Durant Company, early DoorDash executives and Sinai Ventures. In addition, Dutchie is working together with Canopy Rivers to accelerate growth and expand its geographic footprint in Canada and other federally legal international markets.

Launched in early 2018, Dutchie is already the leading online ordering and delivery service in Oregon. The easy-to-use platform provides technology that seamlessly connects consumers and local dispensaries. To order, buyers search by location, select a local dispensary and purchase products for pickup or delivery.

For dispensaries, Dutchie is an end-to-end solution for e-commerce. The platform supports order tracking, specials, analytics and the ability to embed a shoppable storefront on stores’ websites. Integrations with dispensaries’ Point of Sale systems enable automatic, real-time menu updates, which Dutchie’s team helps curate with professional photos and descriptions. Along with this technology, Dutchie grants dispensaries access to a new, wider audience that they would otherwise not be able to reach.

“We live in an on-demand economy, so bringing this model to cannabis seemed like a logical progression,” said CEO Ross Lipson. “With Dutchie, we set out to create the easiest way for consumers to shop for cannabis, and the easiest way for dispensaries to sell it, giving them access to tools they’ve never had and customers they could never reach. We value a process that’s fast, easy and convenient and we’ll continuously deliver on those three fronts.”

Ross Lipson has more than a decade of experience in online food delivery, with two successful exits in the US and Canada. He co-founded Dutchie in late 2017 with his brother Zach Lipson, who is Chief Product Officer, and software developer Sam Ellis.

“With proven success in the online ordering space, including the exit of GrubCanada to food delivery giant JustEat in 2011, Ross is clearly a seasoned entrepreneur,” said Managing Partner of Casa Verde Capital, Karan Wadhera. “We are delighted to partner with Ross and team, as Casa Verde aims to invest in companies and founders who bring strong expertise in related fields to the cannabis space.”

About Dutchie
Dutchie is an online ordering platform allowing consumers to purchase cannabis products from dispensaries for pickup or delivery. Founded in 2017, Dutchie created the easiest way to buy cannabis products from your favorite dispensaries and have them available for pickup or delivered right to your door. Partnering with top dispensaries, Dutchie offers the stores helpful tools to sell online and provides pickup and delivery services to their customers. Learn more at https://www.dutchie.com.

About Casa Verde Capital
Casa Verde Capital (“CVC”) is the leading venture capital firm focusing exclusively on the cannabis industry. As both the domestic and international cannabis markets continue to evolve and mature, CVC maintains a view that the cannabis industry will be among the most compelling investment themes of our generation. Primarily aimed at the ancillary cannabis ecosystem, CVC invests in the legal, scalable “picks and shovels” that support the expanding industry.

Follow Casa Verde Capital on social media:
Twitter: @casaverdecap | LinkedIn: li:/casa-verde-capital | Facebook: fb:/casaverdecap

# # #

Media Contact:
Karina Farris
Casa Verde Capital
Karina@casaverdecapital.com
+1 877-796-2434

   

FINANCIAL
Altitude Investment Management Believes Canadian Cannabis Legalization “Milestone”

The legalization of cannabis for medical and adult use in Canada represents a milestone in the growing trend toward legalization and decriminalization of cannabis, according to Altitude Investment Management

FINANCIAL
Open Source Health Announces Roll Back and Amalgamation with Weekend Unlimited Inc., New Private Placement

Weekend Unlimited Inc., a lifestyle cannabis company, today announced that its shares will start trading under the symbol CSE: YOLO

FINANCIAL
Canada – Israel Cannabis Tech Hub Drives Partnerships

CAN Innovation Finder shows tremendous momentum since its establishment in July, with over 20 Israeli companies and some of the most well established Licensed Producers in Canada either signed or in negotiations